Orio continues to develop its ventures in Saab Original and Logistics

Orio North America / Saab Parts

Orio’s net sales for the second quarter of 2019 decreased by 19 percent compared to the corresponding quarter of the previous year and amounted to MSEK 134 (165). Operating profit for the quarter was MSEK -4 (4).

For the period January to June 2019, net sales amounted to MSEK 262 (319), a decrease by 18 percent compared to the corresponding period last year. Operating profit for the period amounted to MSEK -12 (3).
After a structured winding down of the investment in spare parts for other car brands, the focus is now on Saab Original.

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“In spite of a challenging termination of the all makes venture, a good gross margin was maintained in the Parts business area during the second quarter of 2019. The decline in net sales in general follows the earlier trend for Saab sales”, says Gustaf Ljunggren, CEO of Orio AB.

During the second quarter of 2019, the Logistics business area continued to focus on building up the business area following the extensive restructuring after the termination of the Opel contract. New customer contracts have been signed, existing customers’ business has been developed and the “pipeline” of potential customers is growing steadily.

Cash flow from operations for the quarter was MSEK 13 and the equity ratio per 30 June 2019 was 72 percent.

Goran Aničić
the authorGoran Aničić
For over 10 years, Goran Aničić has been passionately focused on Saab automobiles and everything related to them. His initial encounter with Saab cars took place back in 2003 when the first Saab 9-3 and sedan version were introduced. At that moment, he was captivated by the car's Scandinavian design logic and top-notch engineering, and everything that followed stemmed from that first encounter. Later on, through his work at the editorial team of the Serbian automotive magazines "Autostart" and later "AutoBild," he had the opportunity to engage more closely with Saab vehicles. In 2008, he tested the latest Saab cars of that time, such as the Saab 9-3 TTiD Aero and Saab 9-3 Turbo X. In 2010, as the sole blogger from the region, he participated in the Saab 9-5ng presentation in Trollhättan, Sweden. Alongside journalists from around the world, he got a firsthand experience of the pinnacle of technological offerings from Saab at that time. Currently, Goran owns two Saabs: a 2008 Saab 9-3 Vector Sportcombi with a manual transmission, and a Saab 9-3 Aero Griffin Sport Sedan from the last generation, which rolled off the production line in Trollhättan in December 2011.

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